Strs Ohio cut its position in Amdocs Ltd. (NASDAQ:DOX) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,448 shares of the company’s stock after selling 2,292 shares during the period. Strs Ohio’s holdings in Amdocs were worth $2,738,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Leavell Investment Management Inc. purchased a new position in shares of Amdocs during the second quarter valued at $229,000. Eqis Capital Management Inc. boosted its stake in Amdocs by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,316 shares of the company’s stock valued at $249,000 after buying an additional 26 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Amdocs by 6.9% in the second quarter. State of Alaska Department of Revenue now owns 5,185 shares of the company’s stock valued at $299,000 after buying an additional 334 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in Amdocs by 4.5% in the second quarter. 1st Global Advisors Inc. now owns 5,365 shares of the company’s stock valued at $310,000 after buying an additional 233 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Amdocs during the second quarter valued at about $485,000. 89.63% of the stock is currently owned by institutional investors.
Amdocs Ltd. (NASDAQ:DOX) traded down 0.89% on Friday, reaching $59.04. 446,436 shares of the company’s stock were exchanged. The firm has a market cap of $8.73 billion, a PE ratio of 22.24 and a beta of 0.73. The firm has a 50 day moving average price of $59.40 and a 200 day moving average price of $58.22. Amdocs Ltd. has a one year low of $50.06 and a one year high of $61.33.
Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, July 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Amdocs had a return on equity of 14.59% and a net margin of 10.93%. The firm had revenue of $930 million for the quarter, compared to analyst estimates of $928.81 million. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Amdocs Ltd. will post $3.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 30th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.32%. Amdocs’s dividend payout ratio (DPR) is 29.32%.
Several equities research analysts have recently issued reports on the stock. Jefferies Group lifted their price objective on shares of Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $65.00 price objective on shares of Amdocs in a research report on Thursday, September 15th. Citigroup Inc. boosted their price target on shares of Amdocs from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research cut shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amdocs from $61.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.13.
Amdocs Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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